Overview
What is Franklin Square I & Ii?
Franklin Square I & II is a nonprofit organization that provides housing solutions for low-income families. Situated in Franklin, Louisiana, they manage a 40-unit apartment complex. A significant portion of the rents for these units is supported by the U.S. Department of Housing and Urban Development (HUD) under the National Housing program. Their primary mission is to offer affordable housing options, contributing to the well-being of their residents.
Is Franklin Square I & Ii legitimate?
Franklin Square I & Ii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Franklin Square I & Ii submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $31,295
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,600
For more financial information, click here
What is the mission statement of Franklin Square I & Ii?
Franklin Square I & II is dedicated to providing housing solutions for low-income families. The corporation manages a 40-unit apartment complex, where a portion of the rents are covered by the HUD under the National Housing program. By offering affordable housing, Franklin Square I & II contributes to improving the living conditions of these families. The organization's mission is centered around providing a comfortable living space for those who may not be able to afford it otherwise. The corporation also plays a role in supporting the local community by offering affordable housing options.
Who is the CEO of Franklin Square I & Ii?
Mary Vilcan is the President of Franklin Square I & Ii.
What is the revenue of Franklin Square I & Ii?
Franklin Square I & Ii's revenue in 2022 was $305,038.
Who are the executives of Franklin Square I & Ii and what are their salaries?
The average compensation at Franklin Square I & Ii during 2022 was $40,895. There is 1 employee at Franklin Square I & Ii.
Here are 6 key members and their salaries:
- Compensation: $17,750
- Related: $0
- Other: $0
- Compensation: $13,545
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Franklin Square I & Ii?
Franklin Square I & Ii's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Franklin Square I & Ii
Franklin Square I & II is a mission-driven organization that focuses on providing housing solutions for low-income families. By maintaining a 40-unit apartment complex, this corporation offers a place to call home for those who may lack the financial means to secure adequate housing otherwise. Significantly, a portion of the rents for these residences is subsidized by HUD under the National Housing program, making it more accessible and affordable for these families. In essence, Franklin Square I & II serves as a vital resource for low-income families, providing them with stable housing and helping alleviate some of the financial burden associated with housing costs.
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Impact
October, 2024
Franklin Square I & II significantly impacts the community by providing affordable housing options for low-income families in Franklin, Louisiana. By maintaining a 40-unit apartment complex, it offers a stable and secure living environment for those who might otherwise struggle to find safe and affordable housing. The incorporation of HUD support ensures that families can access reduced rental costs, improving their overall quality of life and economic stability. This initiative not only meets immediate housing needs but also fosters community development, stability, and the potential for long-term financial growth for residents.
This information is meant to be a general summary of Franklin Square I & Ii. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $724
- Program Service Revenue: $303,902
- Gross Receipts: $305,038
Assets and Liabilities:
- Total Assets: $328,605
- Total Liabilities: $644,415
- Net Assets: -$315,810
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$303,902
Organization Details
Phone
(337) 828-4026Principal Officer
Mary Vilcan
Main Address
PO DRAWER 584, FRANKLIN, LA, 70538
NTEE Category
Code: L20 - Housing
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